C-14 - Railway Act

Section 11 Disposition versions

1994-01-01

11. In this Division, “company” means any railway company incorporated under an Act of the Legislature of Québec; “unsecured creditor” means any creditor of a company who is not a secured creditor whether resident or domiciled within or without Québec; and “secured creditor” means a holder of a mortgage, hypothec or charge on or against, or any assignment, cession or transfer of, all or any property of a company as security for indebtedness of the company, or a holder of any bond, debenture, debenture stock or other titles of indebtedness of a company secured by a mortgage, hypothec or charge on or against, or an assignment, cession or transfer of, or a trust in respect of, all or any property of the company, whether any such holder or beneficiary be resident or domiciled within or without Québec; and a trustee under any trust deed or other instrument securing any such bonds, debentures, debenture stock or other titles of indebtedness shall be deemed to be a secured creditor for all purposes of this Division except voting at creditors’ meetings in respect of any such bonds, debentures, debenture stock or other titles of indebtedness.

R. S. 1964, c. 290, s. 11; 1968, c. 9, s. 90; 1992, c. 57, s. 465.

1977-12-31

11. In this Division, “company” means any railway company incorporated under an Act of the Legislature of Québec; “unsecured creditor” means any creditor of a company who is not a secured creditor whether resident or domiciled within or without Québec; and “secured creditor” means a holder of a mortgage, hypothec, pledge, charge, lien or privilege on or against, or any assignment, cession or transfer of, all or any property of a company as security for indebtedness of the company, or a holder of any bond, debenture, debenture stock or other evidence of indebtedness of a company secured by a mortgage, hypothec, pledge, charge, lien or privilege on or against, or an assignment, cession or transfer of, or a trust in respect of, all or any property of the company, whether any such holder or beneficiary be resident or domiciled within or without Québec; and a trustee under any trust deed or other instrument securing any such bonds, debentures, debenture stock or other evidences of indebtedness shall be deemed to be a secured creditor for all purposes of this Division except voting at creditors’ meetings in respect of any such bonds, debentures, debenture stock or other evidences of indebtedness.

R. S. 1964, c. 290, s. 11; 1968, c. 9, s. 90.